Good evening, fans and friends! Remember when the big cake hit 100,000 two years ago, it was a joke; last year talking about opportunities in A-shares was also a joke. Now looking back, the big cake is already at 90,000, and A-shares have provided many opportunities in a month. The charm of the market lies in the uncertainty of changes, but similarly, a sense of awe is also necessary.

Since the U.S. elections, the U.S. stock market has made a comeback against the odds, but the most eye-catching is undoubtedly cryptocurrency, with Bitcoin today reaching the 90,000 mark. Of course, all of this ultimately benefits from Trump's support.

The biggest divide between the Democratic and Republican parties is: the Democrats support government intervention in the market, such as market rescue, issuing bonds, monetary policy, etc., while the Republicans reject excessive government intervention, believing that economic imbalances should self-correct rather than being disrupted by government over-expansion of money supply.

This explains why the U.S. stock market and cryptocurrency are rising simultaneously; the government is reducing its intervention, which is the most favorable factor for the crypto market. The excessive regulation by the SEC has caused market concerns, while Trump happens to favor a lighter government and a heavier market. Additionally, a lighter government would cut government spending and reduce unnecessary expenses and budget allocations.

Having discussed the off-market talk, let’s talk about the market trends:

This morning, the market surged to the 90,000 line, but before the U.S. market opened, it significantly retraced, hitting a low of 85,500. For a strong single-sided rhythm, a retracement of 4,500 points is indeed a bit excessive. Has the trend shifted? I don't think so.

In the post I wrote last night, I predicted a phase of retracement and adjustment, but I didn’t expect it to come so quickly. Today, I shorted at 88,800, with a stop loss at 89,400. Since the market rhythm is adjusting quickly, we also need to make changes accordingly.

I entered the market at 88,500, and after subsequent additions, my average price is around 87,500, with a final defense at 84,000, which is the starting point of the rise from yesterday morning. If it breaks down from here, then this round of rise may come to an end. If this position holds, I’m optimistic about breaking new highs, ready to take 5,000 points down this round.

There is an old saying in China: "Eight or nine won't stray far from ten." Now that we've passed eight and touched nine, how far can ten be?

This is my shallow discussion on the market. If you resonate with my thoughts, feel free to give a thumbs up at #BTC何时破9万？ .